11021 Nicholas Ln Ocean Pines, MD 21811
- Lifestyle centers
- 6,834 SF
- 3.56 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 11021 Nicholas Ln
- Year built
- 2004
- Lot size
- 3.56 lot acres
- Property size
- 6,834 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a fully-leased, 6,834 square foot shopping center situated on a 3.56-acre lot in the thriving Ocean Pines, Maryland community. Located at the entrance of the South Gate, this multi-tenant property boasts a prime location ensuring high foot traffic and consistent income. The building, constructed in 2004, has been meticulously maintained and recently updated, minimizing upkeep costs for the new owner. Significant improvements include a brand-new roof installed in 2022 and a complete HVAC system overhaul three years prior. The property consists of seven fully leased office/retail condo units, providing immediate cash flow. The asking price is $1,900,000, and aggressive owner financing is available. This property is zoned COMMERCIAL and offers a unique opportunity to capitalize on the continued growth of Ocean Pines. The property includes the following tax ID numbers: Unit 2: 03-143538
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ocean Pines
- County
- Worcester
- State
- Maryland
- Longitude
- -75.1619
- Latitude
- 38.3751
